Financial Obstacles Faced By Micro, Small And Medium Enterprises In The South Pacific
Globally, there is an increased recognition of the important role played by Micro, Small and Medium Enterprises (MSMEs) in the economic development of a country. Similarly, in the South Pacific region, MSMEs is the main engine behind the economic growth. In particular, MSMEs is one of the biggest contributors to GDP, employment and plays a core role in the supply chain of large businesses. One of the major problems faced by MSMEs in South Pacific Island countries is lack of finance to advance business growth.